Constellation Brands (NYSE:STZ – Get Free Report)‘s stock had its “buy” rating restated by equities research analysts at Needham & Company LLC in a research report issued to clients and investors on Monday,Benzinga reports. They currently have a $240.00 price target on the stock. Needham & Company LLC’s target price would indicate a potential upside of 31.03% from the stock’s current price.
Other equities research analysts also recently issued research reports about the company. Evercore ISI dropped their target price on Constellation Brands from $300.00 to $250.00 and set an “outperform” rating for the company in a report on Monday, January 13th. Piper Sandler lowered their price target on Constellation Brands from $300.00 to $245.00 and set an “overweight” rating for the company in a report on Monday, January 13th. Roth Capital decreased their price target on shares of Constellation Brands from $298.00 to $284.00 and set a “buy” rating on the stock in a report on Friday, January 17th. Barclays decreased their target price on shares of Constellation Brands from $282.00 to $214.00 and set an “overweight” rating on the stock in a research note on Tuesday, January 14th. Finally, Royal Bank of Canada reissued an “outperform” rating and set a $308.00 price target on shares of Constellation Brands in a research note on Tuesday, January 7th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and thirteen have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $257.14.
View Our Latest Analysis on Constellation Brands
Constellation Brands Stock Down 2.5 %
Constellation Brands (NYSE:STZ – Get Free Report) last released its earnings results on Friday, January 10th. The company reported $3.25 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.33 by ($0.08). The firm had revenue of $2.46 billion for the quarter, compared to the consensus estimate of $2.53 billion. Constellation Brands had a return on equity of 26.55% and a net margin of 6.27%. Constellation Brands’s revenue for the quarter was down .3% on a year-over-year basis. During the same quarter last year, the company posted $3.19 EPS. As a group, equities analysts expect that Constellation Brands will post 13.52 earnings per share for the current year.
Insider Buying and Selling
In related news, major shareholder Wildstar Partners Llc sold 660 shares of the business’s stock in a transaction dated Wednesday, November 20th. The stock was sold at an average price of $241.00, for a total value of $159,060.00. Following the sale, the insider now directly owns 1,736,884 shares in the company, valued at approximately $418,589,044. The trade was a 0.04 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director William T. Giles acquired 1,000 shares of the stock in a transaction on Friday, January 17th. The shares were acquired at an average price of $186.39 per share, with a total value of $186,390.00. Following the transaction, the director now directly owns 1,463 shares of the company’s stock, valued at $272,688.57. The trade was a 215.98 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last quarter, insiders have sold 61,746 shares of company stock valued at $15,017,097. 12.19% of the stock is owned by insiders.
Institutional Investors Weigh In On Constellation Brands
A number of institutional investors and hedge funds have recently bought and sold shares of the company. Grimes & Company Inc. acquired a new stake in Constellation Brands in the fourth quarter valued at approximately $6,099,000. Paloma Partners Management Co lifted its stake in Constellation Brands by 568.4% during the 3rd quarter. Paloma Partners Management Co now owns 30,000 shares of the company’s stock valued at $7,731,000 after acquiring an additional 25,512 shares during the period. Nomura Asset Management Co. Ltd. increased its stake in shares of Constellation Brands by 3.7% in the third quarter. Nomura Asset Management Co. Ltd. now owns 84,204 shares of the company’s stock worth $21,699,000 after acquiring an additional 2,980 shares during the period. Empowered Funds LLC lifted its position in Constellation Brands by 318.8% during the third quarter. Empowered Funds LLC now owns 10,184 shares of the company’s stock valued at $2,624,000 after purchasing an additional 7,752 shares during the period. Finally, WealthPlan Investment Management LLC raised its stake in shares of Constellation Brands by 29.5% during the 3rd quarter. WealthPlan Investment Management LLC now owns 30,160 shares of the company’s stock valued at $7,772,000 after buying an additional 6,867 shares during the last quarter. 77.34% of the stock is owned by institutional investors.
Constellation Brands Company Profile
Constellation Brands, Inc, together with its subsidiaries, produces, imports, markets, and sells beer, wine, and spirits in the United States, Canada, Mexico, New Zealand, and Italy. The company provides beer primarily under the Corona Extra, Corona Familiar, Corona Hard Seltzer, Corona Light, Corona Non-Alcoholic, Corona Premier, Corona Refresca, Modelo Especial, Modelo Chelada, Modelo Negra, Modelo Oro, Victoria, Vicky Chamoy, and Pacifico brands.
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